Meridiam Successfully Closes MINA IV, Its Flagship North America Infrastructure Fund, Raising More Than $1.8 Billion
WASHINGTON-Meridiam is pleased to announce the successful close of MINA IV, its fourth-generation North America infrastructure fund, with commitments of more than $1.8 billion, above its $1.7bn-initial target and surpassing the previous fund, MINA III. This achievement reflects the robust interest and confidence of global investors in Meridiam’s differentiated long-term strategy and execution capabilities, especially in a complex market environment. Meridiam’s successful fundraising comes at...
Futurail raises €7.5 million to bring autonomous trains on track
Futurail drives the next era of rail innovation across Europe and the US Strasbourg & Munich, September 23, 2025 – Futurail, the European deep-tech startup developing an autonomy stack for self-driving trains, announced the closing of a seed round, bringing total funding to €7.5 million. The round was co-led by Asterion Ventures (Paris) and Leap435 (Munich), joined by EIT Urban Mobility and U.S. investors Zero Infinity Partners and Heroic Ventures. Founded in 2023, Futurail is led by...
Fortera Secures Microsoft Funding for Low-Carbon Cement Production
Strategic investment supports construction of Fortera's full-scale 400,000 ton-per-year commercial facility Microsoft secures procurement rights for Fortera's ReAct™ low-carbon cement and environmental attribute certificates to reduce Scope 3 emissions Fortera's bolt-on technology integrates with existing cement infrastructure for rapid deployment [SAN JOSE, Calif., Sept. 23, 2025] – To accelerate the adoption of low-carbon building materials across its datacenter footprint, throug...
Meridiam-led Consortium Successfully Reaches Financial Close on SR 400 Express Lanes Project
WASHINGTON, DC – Meridiam, together with Acciona and ACS Infrastructure—known as the SR 400 Peach Partners consortium (the “Consortium”)—today announced its SR 400 Express Lanes Project (the “Project”) has successfully reached financial close. The financial close comes after the Georgia Department of Transportation (GDOT) named the Consortium as Best Value Proposer in August 2024 and the Project reached commercial close in November 2024. Construction is expected to be completed by Spring 2031....
New ACE research reveals engineering consultancy as unsung driver of UK growth
Research shows sector is supporting jobs and driving economic impact New research reveals engineering consultancy generates enough tax to pay for 200,000 nurses and employs more people than the city of Bristol. The research, conducted by Oxford Economics on behalf of the Association for Consultancy and Engineering (ACE), reveals the sector as the critical backbone of national growth and productivity. Far from the spotlight typically shone on AI, fintech or life sciences, engineering co...
USACE, Chicago District receives more than $255 million in Civil Works Appropriations for continuation of FY25 work plan
CHICAGO, IL — The U.S. Army Corps of Engineers, Chicago District will receive a total of $255.3 million in funding under the Army Civil Works Programs. The amount covers costs for construction and operation & maintenance on projects on the FY25 work plan. The Chicago District’s area of responsibility includes water resource development in the Chicago metropolitan area, upper Illinois River watershed, Lake Michigan watershed in Wisconsin and upper Wabash River watershed in Indiana, covering an ar...
Xylem Reports First Quarter 2025 Results
Revenue of $2.1 billion, up 2% on a reported and 3% on an organic basis Earnings per share of $0.69, up 10%; $1.03 on an adjusted basis, up 14% Reaffirming full-year 2025 adjusted earnings per share guidance WASHINGTON - Xylem Inc. (NYSE: XYL), a leading global water solutions company dedicated to solving the world’s most challenging water issues, today reported first-quarter 2025 results. The Company delivered total revenue of $2.1 billion, on strong execution and demand, parti...
PERENfra announces Perennial Infrastructure Fund I
DENVER - PERENfra LLC (“PERENfra”) today announced the launch of Perennial Infrastructure Fund I™ (the “Fund”), a private investment fund focused on core water infrastructure assets. The Fund aims to provide investors with income and long-term capital appreciation through investments in safe, sustainable, efficient water solutions in a growing industry. With a target size of $125 million, the Fund has successfully closed multiple limited partner (LP) commitments and is seeking to be fully s...
U.S. Tariffs on Steel and Aluminum Cast a Shadow on Capital Projects Under Construction
On February 10, 2025, President Donald Trump ordered the imposition of a blanket 25% tariff, effective on March 12, 2025, on all steel and aluminum imports, including those from Canada and Mexico. This has triggered a surge in the share prices of U.S. steel and aluminum producers but simultaneously fueled concerns about the profitability or even viability of many future capital projects in the U.S. Here are our key insights: -- Many capital projects under development in the U.S. will unavoida...
Xylem Reports Fourth Quarter and Full Year 2024 Results
Fourth-Quarter Highlights Orders of $2.2 billion, up 7% on a reported and organic basis Revenue of $2.3 billion, up 7% on a reported and organic basis Earnings per share of $1.34, up 22%; $1.18 on an adjusted basis, up 19% Full-Year Highlights Revenue of $8.6 billion, up 16% on a reported basis and 6% organically Earnings per share of $3.65, up 31%; $4.27 on an adjusted basis, up 13% 2025 full-year adjusted earnings per share guidance range of $4.50 to $4.70...
Video: Crashes Drop Measurably After Rural Road Safety Improvement Project on US 521 in Lancaster County
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June Issue 2026
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